The arrest Tuesday of a key Trump ally, who is accused of lobbying illegally for the United Arab Emirates, helps illustrate how deeply the oil-rich Middle Eastern country had ingratiated itself with the United States during the Trump administration. Between arms deals and diplomatic accords, the UAE, a relatively small […]
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Corporate earnings will dictate the market’s next move, Jim Cramer says
CNBC’s Jim Cramer said the bond market gave stocks a reprieve on Tuesday, but corporate earnings will dictate if stocks can continue to snap back from the worst trading day this year. “It’s the actual sales and earnings numbers from the companies reporting right now that will determine if this […]
Bed Bath and Beyond CEO says Casper partnership reflects company’s new focus
Bed Bath and Beyond is reducing the size of its flagship store in New York City, but the retailer is making room for a new strategic partner in Casper. When the store in Midtown Manhattan reopens on Thursday, it will include space for Casper, giving the online sleep company its […]
Stock futures are flat after major comeback on Wall Street, earnings continue
U.S. stock futures were steady in overnight trading on Tuesday after the major averages clawed back much of their losses from Monday’s sell-off. Dow futures rose 40 points. S&P 500 futures gained 0.15% and Nasdaq 100 futures rose 0.1%. Netflix reported disappointing third quarter subscriber guidance after the bell on […]
Tom Barrack charged with illegally lobbying then-President Trump on behalf of UAE
Thomas Barrack, a private equity investor who is a close friend of former President Donald Trump, was arrested Tuesday morning in Los Angeles on federal charges of illegally lobbying Trump on behalf of the United Arab Emirates. Barrack, who was charged with two other men in a seven-count indictment in […]
United Airlines narrows loss, plans to ramp up flying to meet strong travel demand
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Tuesday reported higher second-quarter revenue and a narrower loss thanks to a resurgence in air travel, the latest carrier to issue […]
Netflix beats on paid subscriber growth, but misses earnings expectations
Reed Hastings, chief executive officer of Netflix Joan Cros Garcia | Corbis | Getty Images Shares of Netflix recovered from an initial dip and were flat after the bell Tuesday after the company reported earnings that missed on the bottom line. The company’s revenue slightly beat estimates, and it confirmed […]
United Airlines narrows losses, plans to ramp up flying to meet strong travel demand
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Tuesday reported higher second-quarter revenue and narrowed its losses thanks to a resurgence in air travel, the latest carrier to issue […]
Stocks making the biggest moves after hours: Netflix, Chipotle, United Airlines and more
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the streaming platform slid 2% in […]
Netflix misses subscriber growth and earnings expectations
Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Shares of Netflix dipped about 3% after the bell Tuesday after the company reported earnings […]